hughestu

Consolidation for ADA

BINANCE:ADAUSD   Cardano
BUY LOW - SELL HIGH. BUY LOW - SELL HIGH

ADA: Drops 40% over 7 days, correction.
Drops 33% over 3 days, correction.
Drops 50% over 7 days, correction. and now we see some consolidation (relatively speaking) over 25 days.

My point is a simple one; cardano has dropped and dropped and dropped and then dropped again, the 3 month long bear trend has seen bull trap after bull trap and now after a good long period of relative market consolidation bouncing off $0.285, I think it's a good to enter cardano and "buy low". Yes, a further decrease is possible but after this long and drawn out, and also necessary, correction I think it is more likely that we will see the price move back up.

I bought at $0.29, I believe this was a good price to get cardano.


Disclaimer: This is not advice, this is completely my opinion based on speculation. Never buy more you are willing to lose.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.